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Class A Office/Medical Building 400 International Way 78,203 SF Office Building Springfield, OR 97477 $19,700,000 ($251.91/SF) 4.81% Cap Rate
Investment Highlights
- 78,203 SF Class A office building on 7.05 acres (built in 2008)
- 26,245 SF currently available for lease/owner occupancy
- Tenant amenities: shared fitness center, break rooms, and lobby café
- Offered at $19,700,000 — investment or owner/user opportunity
- Strong tenant mix: Centene, SAIF, Professional Credit Services, Bristol, Titanium Legal
- Excellent location near I-5, PeaceHealth RiverBend, VA Hospital & Sacred Heart
Executive Summary
400 International Way is a premier 78,203 SF Class A office building in Springfield, Oregon, offered at $19,700,000. Built in 2008, the property features high-quality construction, medical-use permitted zoning, and a strong tenant roster including Centene, SAIF, and Professional Credit Services. With 26,245 SF currently available for lease or owner-occupancy, abundant parking, and tenant amenities such as a fitness center, shared break rooms, and a lobby café, this asset offers a rare opportunity for investors or owner-users seeking a long-term headquarters or investment in the heart of Springfield’s medical and business hub.
Financial Summary (Pro Forma - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Office
Property Subtype
Building Size
78,203 SF
Building Class
A
Year Built
2009
Price
$19,700,000
Price Per SF
$251.91
Cap Rate
4.81%
NOI
$947,231
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
26,068 SF
Slab To Slab
10’
Building FAR
0.25
Lot Size
7.05 AC
Zoning
CI - Campus Industrial - Springfield OR Jurisdiction
Parking
359 Spaces (4.59 Spaces per 1,000 SF Leased)
Amenities
- Atrium
- Bus Line
- Fitness Center
- Security System
- Signage
- Bicycle Storage
- Central Heating
- Recessed Lighting
- Secure Storage
- Wi-Fi
- Monument Signage
- Outdoor Seating
Property Taxes
| Parcel Number | 1518776 | Total Assessment | $14,181,379 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2023 Payable 2023 |
Property Taxes
Parcel Number
1518776
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$14,181,379 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023 Payable 2023
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Class A Office/Medical Building | 400 International Way
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